Transocean Can Yield Big Profits

Regardless if Carl Icahn succeeds in pressuring the oilfield service giant into paying a richer dividend, the stock looks cheap.

When it comes to unlocking hidden value in oilfield services giant Transocean, activist investor Carl Icahn is stealing the show from CFO Esa Ikaheimonen.

On Tuesday afternoon, shares of Transocean (ticker: RIG) were higher by 28 cents, or 0.54%, to $52.47 as Icahn again hammered home his desire for a $4 per-share dividend. After reporting a fourth-quarter profit that beat analyst expectations, Transocean recommended board approval of a $2.24 per-share dividend. That would mean a roughly 4.3% yield based on last Friday's...